Home on the range where the buffalo roam Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Venkie who wrote (6206)	2/14/2002 9:44:45 AM
From: Jim Willie CB	Read Replies (4) of 13815

it is all about direction, not amount I recently talked to a friend who is worth $3M he lost over $1M since 2000 he is soured on investing, soured on spending so now all his investing positions are tiny "so much money in the world" is an incredibly meaningless comment where is IT going? where will its direction continue? what are the traps? another friend used to receive $80k annual Jan bonus this year is 1/4 of that he is reducing spending seriously esp since yet another kid goes to college next year another friend saw his IRA reduced by 95% since 2000 he is unwilling to take much of any risks now and is turning to other ventures which might have less corruption another friend wisely moved his IRA into bonds in early 2000 then saw all his friends severely damaged he has no interest to return his IRA into risky positions not after what he saw with his friends another two friends lost their jobs their money is held tight as ticks, not put at risk another former colleague just saw 8% layoffs in his HQ building that included a few people we both know and knew he fears for his job now, and is cutting back spending and investing he has a one-yr old baby you sound like a goofyguy who expects a return to Halcyon Days if you dont adapt to change, you will become part of the landscape the number of millionaires grows daily but the number of impoverished grows much faster that is the reality: deeper division of wealth ask me what I am wildly optimistic about? because it is plennnnnty a new phase has begun, one where if you follow the crowd, you get taken advantage of much more quickly megatrends will unfold, but they will happen in stealth and they wont resemble the past that is my chief complaint with your approach to investing life what has changed? recovery on track? everything on schedule? clueless, and sheep for slaughter dont paint me with your naive brushes do you ever read statistics? or just gamble and wish and hope and wonder? you seem like the most emotional trader I ever hear from let me ask you 2 direct questions: LAST JUNE DID YOU EXPECT A 2ND HALF RECOVERY? AND NOW, WHAT IS THE NEXT BIG TREND? / jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next